North America Anti-Snoring Devices and Snoring Surgery Market is Expected to Reach the Value of USD 2.84 Billion, At a CAGR of 7.7% by 2030

PRESS RELEASE
Published March 2, 2023

Data Bridge Market research has recently published the comprehensive business research on “North America Anti-Snoring Devices and Snoring Surgery Market” includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. North America Anti-Snoring Devices and Snoring Surgery Market analysis report covers detailed value chain analysis of the market.

The value chain analysis helps to analyse major upstream raw materials, major equipment, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.

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Data Bridge Market Research analyses that the anti-snoring devices and snoring surgery market which is USD 1.53 billion in 2022, is expected to reach USD 2.84 billion by 2030, at a CAGR of 7.7% during the forecast period 2023 to 2030.

Market Outline: –

Anti-snoring devices are used to address the issue of primary snoring. Surgery, in addition to devices, is used to treat primary snoring. The surgeries are mostly performed as outpatients and are minimally invasive. Anti-snoring devices and snoring surgery, among other things, are reflected as advancements in disease treatment. Anti-snoring devices are now widely used as a result of recent advances in research and development related to sleep disorders and snoring, as well as an increase in interest in innovative device development.

According to a John Hopkins University article published in 2022. According to another Sleep Foundation study, an estimated 57% of men and 40% of women in the United States have snoring problems. It is also estimated that 27% of children are affected. Obesity is a major factor contributing to an increase in the number of people in the region suffering from snoring problems.

Some of the major players operating in the North America Anti-Snoring Devices and Snoring Surgery Market are:

  • Apnea Sciences (U.S.)
  • The Pure Sleep Company (U.S.)
  • KELSO & COMPANY (U.S.)
  • ZQuiet (U.S.)
  • GSK plc (U.K.)
  • MPowrx (U.S.)
  • ZYPPAH (U.S.)
  • LivaNova PLC (U.K.)
  • Koninklijke Philips N.V. (Netherlands)
  • Fisher & Payker Healthcare Limited (New Zealand)
  • Tomed GmbH (Germany)
  • SomnoMed (Australia), Meditas Ltd. (U.K.)
  • AirAvant Medical (U.S.)
  • AccuMED Corp. (U.S.)
  • General Electric Company (U.S.)
  • Medtronic (Ireland)
  • ResMed (U.S.)
  • Tomed GmbH (Germany)

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North America Anti-Snoring Devices and Snoring Surgery Market Dynamics

Drivers

  • Increased geriatric population

The growing geriatric population is expected to significantly impact market growth. According to the World Ageing Population report, the number of people aged 65 and up in 2019 will increase to 1,548.9 million by 2050, from around 702.9 million in 2019. As a result of the aforementioned cases, the global anti-snoring market is expected to grow due to an ageing population and obesity. While there are many people worldwide who snore, the number of people who choose anti-snoring treatments is quite small. Snoring affects approximately 40 million people in the United States. However, the anti-snoring device market is expanding due to increased awareness of the negative effects of snoring and the availability of anti-snoring devices.

  • Rise in obesity

Increased obesity and geriatric population, excessive smoking and alcohol use, technological advancements in anti-snoring devices and snoring surgery, and increased public awareness all contribute to the market’s growth. Weight gain is a major contributor to the habit of snoring because it affects the elderly population. According to a study published in October 2020 titled “Obesity Prevalence in the Long-Term Future in 18 European Countries and the United States,” male obesity is expected to peak between 2030 and 2052 and female obesity between 2026 and 2054. The Netherlands, the United States, the United Kingdom, and Switzerland are the most likely to reach these maximum levels first. As a result, the market is expected to develop more quickly in the coming years.

Opportunities

  • Regulatory approval of new products

The introduction and regulatory approval of new products in the last two years has helped the recovery and the market grow significantly. Furthermore, increasing technological advancement is causing a dramatic shift, with an increasing number of customers shifting to E-commerce. The availability of a wide range of devices on e-commerce sites will support market growth over the forecast period. Obesity has become one of the world’s major health concerns. According to the CDC, the obesity prevalence in the United States between 2017 and 2020 was 41.9%. These are the certain factors which propel the growth of market.

Restraints/Challenges

  • High cost

The stringent government regulations on new product and instrument approval are likely to have an impact on the growth of the anti-snoring devices and snoring surgery markets. The expanding health infrastructure facilities are creating opportunities for the growth of the anti-snoring devices and snoring surgery markets. Snoring surgery can result in facial deformity that interferes with breathing. As a result, these are snoring surgery side effects that may pose a challenge to the anti-snoring device and snoring surgery markets in the coming years.

Highlights of Following Key Factors of North America Anti-Snoring Devices and Snoring Surgery Market

  • Business description

A detailed description of the company’s operations and business divisions

  • Corporate strategy

Analyst’s summarization of the company’s business strategy

  • Company history

Progression of key events associated with the company

  • Major products and services

A list of major products, services and brands of the company

  • Key competitors

A list of key competitors to the company

  • Important locations and subsidiaries

A list and contact details of key locations and subsidiaries of the company

  • Detailed financial ratios for the past 5 years

The latest financial ratios derived from the annual financial statements published by the company with 5 years’ history.

Highlights of TOC:

Chapter 1: Market overview

Chapter 2:  North America Anti-Snoring Devices and Snoring Surgery Market

Chapter 3: Regional analysis of the North America Anti-Snoring Devices and Snoring Surgery Market industry

Chapter 4: North America Anti-Snoring Devices and Snoring Surgery Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

To Check the Complete Table of Contents, Click here https://www.databridgemarketresearch.com/toc/?dbmr=north-america-anti-snoring-devices-and-snoring-surgery-market

Objectives of the Report

  • To carefully analyze and forecast the size of the North America Anti-Snoring Devices and Snoring Surgery Market by value and volume.
  • To estimate the market shares of major segments of the ICU Ventilators
  • To showcase the development of the North America Anti-Snoring Devices and Snoring Surgery Market in different parts of the world.
  • To analyze and study micro-markets in terms of their contributions to the North America Anti-Snoring Devices and Snoring Surgery Market, their prospects, and individual growth trends.
  • To offer precise and useful details about factors affecting the growth of the ICU Ventilators
  • To provide a meticulous assessment of crucial business strategies used by leading companies operating in the North America Anti-Snoring Devices and Snoring Surgery Market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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